Monday, June 6, 2011

Mortgage Origination Forecast

Housing is an important economic indicator. Mortgage issuance is related to housing purchases. So this forecast by the Mortgage Banking Association isn't pretty.

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On the Use and Misuse of Principles, Theorems and Concepts

When financial commentators compile lists of "potential black swans," they misunderstand the concept. As explained by Taleb Nasim ...